In the 1970s, in Response to Recessions Caused by an Increase

question 192

Multiple Choice

In the 1970s, in response to recessions caused by an increase in the price of oil, the central banks in many countries increased their money supplies. The central banks might have done this by

• A)selling bonds on the open market, which would have raised the value of money.
• B)purchasing bonds on the open market, which would have raised the value of money.
• C)Selling bonds on the open market, which would have raised the value of money.
• D)purchasing bonds on the open market, which would have lowered the value of money.

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Definitions:

Intelligence

The ability to acquire knowledge, think abstractly, and adapt to new situations effectively.

Howard Gardner

An American developmental psychologist known for his theory of multiple intelligences, which suggests that intelligence is multidimensional and not confined to a single general ability.

Multiple Intelligences

A theory proposed by Howard Gardner, suggesting that intelligence is not a single, fixed attribute but consists of various distinct types enabling individuals to excel in different domains.

Spatial Intelligence

The ability to visualize with the mind's eye, and manipulate shapes and figures in space.